The trading price of Kroger Co. (NYSE:KR) floating higher at last check on Wednesday, April 24, closing at $56.01, 0.69% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 18.93. In examining the 52-week price action we see that the stock hit a 52-week high of $58.34 and a 52-week low of $42.10. Over the past month, the stock has gained 0.10% in value.
Kroger Co., whose market valuation is $40.43 billion at the time of this writing. The dividend yield on the company stock is 2.02%, while its Forward Dividend ratio is 1.13. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.34 per share this quarter, however they have predicted annual earnings per share of 4.42 for current year and 4.55 for next year.
Analysts have forecast the company to bring in revenue of 45.04B for the current quarter, with the likely lows of 44.56B and highs of 45.62B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 148.73B.
On the technical side, indicators suggest KR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.37, which symbolizes a positive outlook. A quick review shows that KR’s price is currently -0.60% off the SMA20 and 4.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.78, and weekly volatility stands at 1.86%. When measured over the past 30 days, the indicator reaches 1.70%. Kroger Co. (NYSE:KR)’s beta value is currently sitting at 0.49, while the Average True Range indicator is currently displaying 1.00.
To see how Kroger Co. stock has been performing today in comparison to its peers in the industry, here are the numbers: KR stock’s performance was 0.69% at last check in today’s session, and 16.12% in the past year. Kroger Co. has a P/E ratio of 18.93.
An evaluation of the daily trading volume of Kroger Co. (NYSE:KR) indicates that the 3-month average is 5.21 million.
Currently, records show that 720.00 million of the company’s shares remain outstanding. The insiders hold 0.81% of outstanding shares, whereas institutions hold 82.68%. However, since the stock’s price has seen 22.54% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
